Colts owner Jim Irsay tweeted on Sunday morning that the team is getting closer to a contract agreement with Andrew Luck.
The framework of the first overall pick's contract has been in place.
The four-year deal will be fully guaranteed, worth around $24 million and include a signing bonus worth just over $14.5 million along with a team-held option for a fifth season.
Irsay: Colts, Luck Close To Deal